Shares of Marico rose nearly 5%, the biggest intraday gain in nearly four months to Rs 494.7 apiece after several analysts upgraded the stock despite the company reporting net income for the third quarter that missed average analyst estimate, post market hours Friday.
Shares of Marico Ltd
Marico Shares Rise After September Quarter Business Update
Shares of Marico Ltd. rose 3.81% in intraday trade, the most in over a month, to Rs 579.2 apiece after the company said that the consumer sentiment remained healthy in India business.